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Sonic R. System

  • #46,821
  • Apr 21, 2013 7:33pm Apr 21, 2013 7:33pm
Hi,

Here is my EJ trade taken last week. Entry, SL and TPs are shown on the attached chart.
Entry was based on Price Action on seeing increased in volume activity when Tok open on the 18 Apr. Not exactly a Classic SonicR type of trade entry.
On 19 Friday, there was a good Day Inside Bar Breakout as Day 18 Apr is an inside bar of Day 17 April. Therefore, I held on to this trade for the BO because SonicR tell me so, PA above Dragon and above Trend. You can see the increased volume activity of on Friday 19 Apr near those breakout levels.

Today' question is why would I scarifice 130 pips to fight for another 65pips?

Trade Well folks.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Trade week 16 update 22-4-2013 8-17-22 AM.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,822
  • Apr 21, 2013 7:43pm Apr 21, 2013 7:43pm
Quoting traderathome
Beat the Forex Dealer I've read much of the full text linked by loeil, but I have to hand it to emmanuel7788 for picking out the very best, most useful part of the entirety of it. Much of the information is dated, even out dated. And for some that are unable to hedge and are restricted by FIFO, not all of what is suggested can be accomplished. The part that emmanuel7788 focused on is really good stuff. Congratulations and thanks again to emmanuel7788. -tah
TAH,

you are very welcome.
just a small thing keep it to the essentials pages which I felt could address the current hot discussions on way some of us trade.
I know some traders especially investors hold very strong views against averaging down on losers and the use of martingale. I am also against this in stock trading.
But spot forex is different ball game and when traders knows how to play the money management game to be in the market and remain in the market through its cycles, there is money to make. I always say: We must be in the market in order to make money. Standing at the sideline waiting and looking for setups, we spend time and not a market participant we don't make money. But there are times we must stand aside. Not trading is also a crictical trading decision which we as traders must make often.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,823
  • Apr 21, 2013 7:53pm Apr 21, 2013 7:53pm
Quoting emmanuel7788
Hi, Here is my EJ trade taken last week. Entry, SL and TPs are shown on the attached chart. Entry was based on Price Action on seeing increased in volume activity when Tok open on the 18 Apr. Not exactly a Classic SonicR type of trade entry. On 19 Friday, there was a good Day Inside Bar Breakout as Day 18 Apr is an inside bar of Day 17 April. Therefore, I held on to this trade for the BO because SonicR tell me so, PA above Dragon and above Trend. You can see the increased volume activity of on Friday 19 Apr near those breakout levels. Today' question...

"Today' question is why would I scarifice 130 pips to fight for another 65pips?" - emmanuel7788

Today's answer: You wouldn't, not with the MMs showing now as bears, which they are. Good decision. Now that you are posting trades, I get to see some good examples of setting SLs (which I am terrible at).

-tah
  • #46,824
  • Apr 21, 2013 7:59pm Apr 21, 2013 7:59pm
Quoting Islander
We are always seeing people asking for a repeat of what's been posted several times before. Now this is either because those guys have not read the thread as instructed, so they just have to get that message....or because they've forgotten what they've read. For this latter group may I suggest that they copy Sonic's and TAH's posts that explain things - not every trade because that defeats the object of copying selected posts! Then paste this info into a Word Document which you can later review and organise at your leisure......its simple guys........
I am fully with Islander on this.

It is hard work I know, I have been there and still going through it.
It is a learning journey with many milestones. You must enjoy this journey and be happy when you reach each milestone. When you start enjoying this journey, you never have to work another day in your life.

My pic say more than one thousand words.
Attached Image (click to enlarge)
Click to Enlarge Name: SonicR is up-to-date 22-4-2013 8-45-30 AM.png Size: 407 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,825
  • Apr 21, 2013 8:13pm Apr 21, 2013 8:13pm
Quoting sonicdeejay
{quote} With a influx of astute sonikers... I have a great feeling about future Sonic R.. Sharing is Caring guys... Sonic {image}
Sonic,

Yes, I share this same feeling too.
There is light at the end of this long tunnel...
success of Sonic R will depend on the traders we call sonicers. Traders are real people with emotions, so we must all work together and keep the positive energy flowing in this thread. Never mind the occassional little disagreements and opposing views. These will only bring out the best in us as long as we keep reminding ourselves of your vision and mission written in post#1.

Wish you and everyone success and abdundant harvests in pips/$$$$.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,826
  • Apr 21, 2013 8:22pm Apr 21, 2013 8:22pm
Quoting traderathome
{quote} "Today' question is why would I scarifice 130 pips to fight for another 65pips?" - emmanuel7788 Today's answer: You wouldn't, not with the MMs showing now as bears, which they are. Good decision. Now that you are posting trades, I get to see some good examples of setting SLs (which I am terrible at). -tah
Yes, bears know where to feed.

About SLs, I came from an old trading school and my teacher taught me that every trade Entry must have two(2) Exits.
The 1st Exit is my initial SL.
The 2nd Exit is my Final TP.
That work for many years, still working, ... until .....
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,827
  • Edited 9:22pm Apr 21, 2013 8:27pm | Edited 9:22pm
Quoting traderathome
Just Testing PVSAR.... Sonicers, do not fret because you see this totally non-SonicR trade. I am just testing the reliability of PVSRA. I viewed the trending down of price with high volumes associated with candles that were at/near or striking into the bottoms of the cycles as bull MM activity taking advantage of lower lows to build a long position. In the bigger picture of M15 (not shown) all this is happening at the previous significant PA lows. On M1 I then saw the big (green) grab for long followed immediately by the price being restored low...
Just Testing PVSAR....

And now a quas-SonicR long setup on M15, for trade #4 long. The PA wave is not L-H-HL. It is L-H-LL, but the final leg is a strong move up due to the fact the bull MMs loaded up longs at the lows and started running the price up to build in profits. I doubt I will add to this anymore unless the LS MM really suddenly wack this back even lower, and if at that time the MMs still analyze as bull. No SL, and while I have three TPs set, if this runs well I might just sit on it thru the week and see if TP3 is reached.

So, this trade began with a Scout at lows based on PVSRA on M1, then an M5 Classic entry a little higher, then another lower Scout when the MMs made their "surprise" push down to the lowest lows, and lastly an M15 Classic entry.
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  • #46,828
  • Apr 21, 2013 9:17pm Apr 21, 2013 9:17pm
great great great...this is what I am talking about TAH.....this is the kind of explanation that inspires people to learn....simple and right to the point
  • #46,829
  • Apr 21, 2013 9:35pm Apr 21, 2013 9:35pm
GU Comment:

Sonicers, this might be worth stalking for a long. It looks like it is about set up, with an odd PA wave in that leg 2 is quite shallow. The MMs might pull off a deeper leg 2 today. I've been watching this on M1, not only to stay current with PRSRA, but also since bull MMs like to lower price below whole numbers to load longs I've been thinking that this still might happen. On the other hand, price might not get pulled down like that and this just takes off northbound. We'll see.

As it stands, Dragon is angled up, we do have a PA wave, price is above the Dragon and the Trend Line is converging on the half number. So, this could be a Classic SonicR long setup representing a break up thru the half number. I expected more loading of longs at lows, but the LS has not yet started, so that could still happen.

Maybe the MMs strategy is to hold up price now into the LS, get everyone anxious it won't go lower and just spend their money entering up here. Then the MMs do torpedo the price and there is a lot less competition for liquidity at the lows because impatient folks have already blown their wad of cash entering higher!

Conclusion
Be prepared if price breaks up thru half number and Trend line to enter long. Also be patient, because the tricky dicky MMs might drop this below the lower whole number yet before seriously sending it north.

-tah
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  • #46,830
  • Apr 21, 2013 9:53pm Apr 21, 2013 9:53pm
Nice shake out in early Asian Session...
See what LO bring.. Do not add short...


Sonic
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  • #46,831
  • Apr 21, 2013 9:57pm Apr 21, 2013 9:57pm
TAH, I see you are loading longs on AU, and your long entry few hours ago was perfect But right now MMs pushed price bit above 1.03, and there is increased trading on highs. Isn't that a sign that MMs are still bears (or did I miss something again hahah)?

Art.
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  • #46,832
  • Apr 21, 2013 10:09pm Apr 21, 2013 10:09pm
Quoting sonicdeejay
Nice shake out in early Asian Session... See what LO bring.. Do not add short... Sonic {image}
Sonicers,

Please, don't be harsh on Master Sonicdeejay. This is the chart he meant to post.

And yes, he is right on! No shorts! The bull MMs might drop price yet below the lower whole number, but to add longs. Whether they do or not, this could become a good Classic SonicR long.

-tah
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  • #46,833
  • Edited 10:29pm Apr 21, 2013 10:17pm | Edited 10:29pm
Quoting artx
TAH, I see you are loading longs on AU, and your long entry few hours ago was perfect But right now MMs pushed price bit above 1.03, and there is increased trading on highs. Isn't that a sign that MMs are still bears (or did I miss something again hahah)? Art. {image}
MMs keeping price in whole number area. Volumes during this oscillation do not look weighted either side, so MMs are keeping tight control of it until their next move. Based on what the Asian session MMs have done so far, bulls get my vote. They loaded up and price hasn't gone the proper distance for them to be interested in taking profit. Maybe FO-LO will have a dip below whole number followed by high volume grab for longs. Meanwhile, I fully expect this is all about coaxing traders to shoot their wad now, so when the MMs dip the price next time lots of folks won't be able to benefit because they already spent their money.
  • #46,834
  • Apr 21, 2013 11:44pm Apr 21, 2013 11:44pm
there is a classic short wave formed on the eur/aud H-L-LH breaking through the dragon currently the price is rejecting the trend line. this could be a classic sonic short entry if price breaks through the trend line with a red bar indicating a lot of selling pressure. lets wait for the london session
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  • #46,835
  • Apr 22, 2013 12:12am Apr 22, 2013 12:12am
Quoting traderathome
GU Comment: Sonicers, this might be worth stalking for a long. It looks like it is about set up, with an odd PA wave in that leg 2 is quite shallow. The MMs might pull off a deeper leg 2 today. I've been watching this on M1, not only to stay current with PRSRA, but also since bull MMs like to lower price below whole numbers to load longs I've been thinking that this still might happen. On the other hand, price might not get pulled down like that and this just takes off northbound. We'll see. As it stands, Dragon is angled up, we do have a PA wave,...
Hmm... Funny thing. I have to say that I read GU opposite to your findings.

On 4h chart, we are below last support level. On 1min chart, most signifigant volumes are at top prices. Price seems to bounce away from last support/resistance level with high volumes. Am I not getting something here?
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I know the secret...
  • #46,836
  • Apr 22, 2013 12:19am Apr 22, 2013 12:19am
Quoting saiftauheed
there is a classic short wave formed on the eur/aud H-L-LH breaking through the dragon currently the price is rejecting the trend line. this could be a classic sonic short entry if price breaks through the trend line with a red bar indicating a lot of selling pressure. lets wait for the london session {image}
All Sonicers,

Forex Factory has added a new feature to assist in making nice posts. This feature allows poster to "crop" their chart once it is added to the post, but before actually submitting the post. After you add your chart to the post, look for the "crop" button below the post window. Click on it and follow directions.

As an example, I have reposted saiftauheed's chart, and then posted it again and cropped this second post of the chart. See the difference!

Saiftauheed, if you put all your icons in a single row (eliminating all unnecessary ones so they all fit in one row) your chart will be bigger. And close the menu on the left before posting a chart, the chart will be bigger and more legible.

-tah
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  • #46,837
  • Apr 22, 2013 12:44am Apr 22, 2013 12:44am
Quoting JRissa
{quote} Hmm... Funny thing. I have to say that I read GU opposite to your findings. On 4h chart, we are below last support level. On 1min chart, most signifigant volumes are at top prices. Price seems to bounce away from last support/resistance level with high volumes. Am I not getting something here? {image} {image} {image}
Try looking at M5, less busy. Obviously the MMs were bulls when they lowered the price and then increased trading. They lowered price and loaded longs. Yes, looking at subsequent cycles as those MMs again worked the price lower, the higher volumes of the cycles are associated with candles striking into lows or at lows, with one notable exception recently, the green candles, which simply was buying up out of the lows. Aside from that analysis, just realize the bull MMs aren't even close to making lots of pips on their earlier loaded longs, so that too give reason for the MMs to remain bulls. They will likely be looking to make 100+ pips at least.

Anyway, if the MMs get the price below the lower whole number, I intend to open a trade with a Scout long, as I have a pending long order at 1.5199.
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  • #46,838
  • Edited 1:17am Apr 22, 2013 1:03am | Edited 1:17am
GU:

Entered M15 Classic long. Have been waiting for these bull MMs to drop the price to lower whole number. I still have a pending long order at 1.5199 in case they do. No SL, no TP at this time.

Edit: Added long trade #2, Scout as price fell to local S&R area (pic. 2). Still waiting to see if MMs get it to whole number.
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  • #46,839
  • Apr 22, 2013 1:32am Apr 22, 2013 1:32am
Quoting traderathome
{quote} UChf Long Trade: Added long trade #3, a Scout, based on MMs taking price below whole number followed by increased trading. They are bulls (PVSRA). {image}
UChf Long Trade:

Added long trade #4, Classic Sonic R..
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  • #46,840
  • Apr 22, 2013 1:49am Apr 22, 2013 1:49am
GBPJPY sell stop order placed.

  1. Dragon slopped down
  2. Entry below Trend
  3. Wave presented around many different levels
  4. Volumes looks like going to short side

SL above swing high.
Target of TP around DS1.

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